Algeria, the economic powerhouse:
US$ 150 billion investment programme – Massive investments
In Algeria, considerable oil and gas revenues together with economic opening, liberalisation and privatisation have created constant GDP growth of between 3% and 6% during the past few years.
With a GDP of US$ 140.8 billion in 2009 (US$ 170.3 billion in 2008), foreign exchange reserves of US$ 149.0 billion at the end of 2009, and exports of petrochemicals worth US$ 42.8 billion in 2009, Algeria is the economic powerhouse on the African continent, ranking second only after South Africa.
electro, automation industrielle & energy exhibitors profit from the second massive investment programme worth US$ 150 billion between 2010 and 2014, which helps to develop the country’s infrastructure and to improve the living conditions for the Algerians.
Imports have increased from US$ 26.35 billion in 2007 over US$ 37.99 billion in 2008 (+44.2%) to US$ 39.10 billion in 2009 (+2.9%). The current construction boom and massive investments into petrochemical and industrial projects contribute to the huge increase in demand for power and electro-technology and building and industrial automation equipment and solutions in Algeria.
Economic data Algeria
| Inhabitants: | 34.18 million | |
| Strenghts: | 8th largest oil exporter and 4th largest exporter of gas in the world, huge oil and gas reserves, high cash reserves and minimal foreign debt, stable government, fast growing market for consumer and investment goods | |
| Opportunities: | Public investment programs improve infrastructure and offer chances for supply; new industrial policy to strengthen competitiveness offering chances for cooperation with foreign enterprises; oil and gas production to be enlarged; funding of large-scale projects state guaranteed; considerable market for capital and consumer goods, financial strength, young and western oriented population | |
| Commodities: | ||
| Wheat, citrus fruits, dates, vegetable, wine | |
| crude oil, natural gas, iron, phosphate, zinc, lead | |
| GDP growth (in billion US $): |  | |
| Oil and gas exports (in billion US $): |
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| Foreign trade (billion US $): |  | |
| Currency reserves without gold (billion US $): | 2006: 77.9 | |
| Graphs: fairtrade | ||
| Source: German Trade & Invest |
